Premier Miton European Opportunities

This fund was previously called LF Miton European Opportunities.

Introduction to the fund

This is a multi-cap fund with a strong bias towards mid-cap growth companies. The portfolio is concentrated at 40-55 stocks, with each position limited to 4% for risk purposes. Carlos and Tom look for quality companies, which they define through having competitive advantages such as a leading product or strong brand. These firms will be in control of their own destiny rather than being reliant on the wider economic background. This allows them to grow revenues ahead of their peers, generating better profit margins and producing higher returns on capital. The fund has a heavy style bias towards growth and mid-caps and investors should be aware that the fund may underperform when this is not in favour.

Fund manager

Carlos Moreno, Thomas Brown

Carlos is head of European equities at Premier Miton, having joined in August 2015 from JOHCM. He has also had fund manager roles at Thames River CM and at Fidelity where he started his career. Carlos has degrees from the University of Cambridge in Engineering Design, Manufacturer and Management and from the University of Exeter in Mechanical Engineering.

Thomas Brown worked with Carlos at Thames River, before joining Mitsubishi UFJ Asset Management. Prior to this he was an assistant fund manager at the British Steel pension fund. He joined Premier Miton in November 2015 soon after Carlos.

Opinion on fund

Premier Miton European Opportunities is genuinely differentiated to many peers, with a willingness from the managers to look at company prospects in isolation, rather than within the context of wider market narratives. This allows them to have longer time horizons, supporting an open and flexible style. That being said, the managers do consider style risks at a portfolio level. This, combined with the multi-cap approach, are good ingredients for strong long-term outperformance.

Fund performance

Documents

Key facts

  • Fund size

    £699.1m

  • Chelsea rating

    Buy

  • Core Selection

    No

  • Chelsea Risk Rating

    7.5

  • AMC

    0.75%

  • OCF

    0.84%

  • Unit Type

    Acc and Inc

  • Yield

    0.07%

  • FundCalibre rating

    Elite Rated

How to invest

Once you know where you want to invest, there are a number of ways you can invest:

  • Log in here and process your instruction
  • Call us on 020 7384 7300 to buy over the phone or request an application form
  • Download an application form and post it to us, along with a cheque
Find out more
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Important information

Source: Performance data sourced from FE Analytics (IA universe). Yield figures (per annum), Fund Size data and AMCs/OCFs are as at 23/01/2026 unless otherwise stated.

The performance graph, factsheets and Key Investor Information Document is provided by FEfundinfo, and updated on a daily basis.

Some funds listed are off shore-domiciled and subject to different regulations. Off shore funds typically do not offer investor compensation under the UK Financial Services Compensation Scheme (FSCS).

Performance history extended by FE fundinfo to illustrate the fund’s longer-term record.

Sector rankings calculated from multiple underlying sectors; certain funds remain unranked due to limited comparability.

Funds assigned to an alternative IA sector; sector rankings may differ accordingly.

The information provided is based on our proprietary qualitative and quantitative research. Whilst reasonable efforts have been taken to ensure accuracy, Chelsea Financial Services cannot guarantee that the information is free from errors, omissions, or inaccuracies.

This information does not constitute investment advice and should not be interpreted as a recommendation to invest in any fund listed. Past performance is not a reliable indicator of future returns.

Please read the full Important Notice on page 2 of the FundReview 2025 carefully before making investment decisions.

Whilst every effort has been made to ensure the accuracy of this information, Chelsea Financial Services takes no responsibility for any errors, omissions or inaccuracies contained therein. The funds within the Chelsea Selection are based on our proprietary research, which is both qualitative and quantitative. Please note this is not investment advice, nor does it imply that you should invest in this fund. Past performance is a not a guide to future returns.

To find out more about our Chelsea Risk Rating, please visit our dedicated page.

The AMC (annual management charge) is paid to the fund management company for managing the fund. It is calculated as a percentage of the value of the fund. The AMC is less than the Ongoing Charges Figure (OCF).

The OCF (ongoing charges figure): The cost includes the AMC and other fees such as registration, regulatory, audit and legal fees but does not include transaction costs and performance fees.